China Manganese Ore Market Movement (2013-2-20)

Feb 20, 2013 17:19

Source:SMM

BHP, CML and other mainstream manganese ore suppliers hiked offers by USD 0.25-0.5/mtu, increasing purchasing costs at traders by RMB 1.57-3/mtu.

SHANGHAI, Feb.20 (SMM) – BHP, CML and other mainstream manganese ore suppliers hiked offers by USD 0.25-0.5/mtu, increasing purchasing costs at traders by RMB 1.57-3/mtu. Demand from downstream alloy producers, however, remained sluggish, increasing risks for importers to replenish stocks.

Chinese traders gradually returned to work after holiday, and kept offer firm. Some small traders hiked offers, but most large traders still hold back goods. According SMM sources, some SMEs alloy producers' willingness to halt production is strong.

SMM believes that current prices were too high for alloy producers. The high production costs and low bidding prices for alloy from steel mills will fore some alloy producers to exit market.

Origin	Grade	Feb.20 Price (RMB/mtu)	Feb.19 Price (RMB/mtu)	Price Change	Region	Note
South Africa (high Fe, lump)	Mn32% Fe20%	38-38.5	38-38.5	→	Tianjin port
	Mn32% Fe20%	38.5	38.5	→	Qinzhou port
	Mn35-36% Fe18%	38.5	38.5	→	Qinzhou port, Zhanjiang port
	Mn35-36% Fe18%	38-38.5	38-38.5	→	Tianjin port, Lianyungang
South Africa (medium Fe, lump)	Mn45% Fe12%	39.5-40	39-39.5	↑0.5	Tianjin port, Lianyungang
South Africa (carbonate manganese ore, lump)	Mn38% Fe5%	41.5-43	41.5-42	↑0.5	Tianjin port, Lianyungang
South Africa (carbonate manganese ore, lump)	Mn38% Fe5%	41-41.5	41-41.5	→	Qincheng port, Fangchenggang port
South Africa	Mn38% Fe5%	-	-	→	Tianjin port
South Africa	Mn38% Fe5%	-	-	→	Zhanjiang port, Fangchenggang port
South Africa (fines)	Mn38% Fe5%	-	-	→	Tianjin port
South Africa (fines)	Mn38% Fe5%	-	-	→	Qinzhou port
Australia (lump)	Mn46%	45.5-46.5	45.5-46.5	→	Tianjin port, Lianyungang
Australia (lump)	Mn46%	45-46	45-46	→	Qinzhou port, Zhanjiang port
Australia (lump)	Mn48%	46.5-47	46.5-47	→	Tianjin port
Australia (lump)	Mn48%	46.5-47	46.5-47	→	Qinzhou port, Zhanjiang port
Australia (high Si, lump)	Mn36% Si20%	45.5-46	45.5-46	→	Tianjin port
Australia (medium Fe, lump)	Mn36-37% Fe16%	45-45.5	45-45.5	→	Tianjin port
Australia (medium Fe, lump)	Mn36-37% Fe16%	41.5-42	41.5-42	→	Qinzhou port
Australia (high Fe, lump)	Mn32% Fe20%	41-41.5	41-41.5	→	Tianjin port
Australia (granule)	Mn48%	-	-	→	Tianjin port, Lianyungang
	Mn48%	-	-	→	Qinzhou port
	Mn50%	-	-	→	Qinzhou port
	Mn50%	-	-	→	Tianjin port, Lianyungang
Australia (granule)	Mn44%	─	─	→	Tianjin port, Lianyungang
Australia (granule)	Mn44%	─	─	→	Qinzhou port, Zhanjiang port
Gabon (lump)	Mn44-45%	─	─	→	Tianjin port, Lianyungang
Gabon (lump)	Mn44-45%	─	─	→	Qinzhou port, Zhanjiang port
Brazil (lump)	Mn44-45%	44-44.5	44-44.5	→	Qinzhou port, Zhanjiang port
Brazil (lump)	Mn44-45%	41-42	41-42	→	Tianjin port, Lianyungang
Brazil (fines)	Mn44-45%	-	-	→	Tianjin port
Brazil (fines)	Mn44-46%	38-39	38-39	→	Zhanjiang port

BHP

CML

manganese ore price

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China Manganese Ore Market Movement (2013-2-20)

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